#GoodMorning #Nostr!

Don't panic, and keep on stackin.

People who #sold during the #COVID #marketcrash to $3k/BTC heavily regretted it.

Remember the #wisdom of the #HitchhikersGuideToTheGalaxy.

#DONTPANIC

Seriously. Has Bitcoin's #MarginalCostOfProduction crashed? Everything trends towards it's marginal cost of production over time. Miners are still mining meaning the value of the energy and time used are still being inserted into the network on a regular basis. Your #monetaryenergy is #safer in #Bitcoin than in #FIAT.

You are fine. Don't worry. Go outside and #TouchGrass. Just breath. 😊

Everything trends towards its marginal cost of production. What's the marginal cost of production for Proof of Stake coins? Zero.

You could say Nostr is a more "Neutron" social media site. 😜

Primal is working fine so far. Unaware of the differences of other options, or what other options are available.

Poutine needs to come to the US!

You don't need to avoid me anymore. I'm right here friend! 😜

Primal currently, but I'd be down to explore other clients!

I agree that custodian Bitcoin (or anything really) is not much better than FIAT if they can issue more IOUs than assets they actually have.

I agree that for the time being due to custodians and KYC market places Bitcoin is easier to track due to its transparent block chain, enabling surveillance states.

Self custodial non-KYC Bitcoin is the best overall. At this stage, with few businesses accepting ₿ and most people owning it in KYC custodians, it has large disadvantages.

It's inevitable that people will break free of the custodians and KYC though once it really takes off and we can transact person to person more, but I acknowledge that until that time it's not much better for privacy than FIAT. Thanks for the friendly discourse! 🙂

Not everyone has time to read as much as they'd like, there's places for both. I read a lot but I also listen a lot, both are ways of gathering new information.

Nice to see you on here Matt! I enjoy your videos.

Beautiful. I love my life and am excited for the future. Spending less than I make, living frugally below my means, all great ways to improve life.

I make my own yogurt, bread, sour cream, jam, ice cream, poke bowls, burrito bowls, pizza, and so on.

Self sufficiency and frugality means a relaxed and happy life. I also more freely share what I make with others because it brings me joy to improve their lives. What is life for if not to live in peace and help others do the same? Bitcoin truly is enabling a peaceful revolution to a better way of life.

#Bitcoin doesn't care who wins or loses elections. Just keep stacking.

Felt my comment here was worth posting as a note and realized I can just quote myself! #NOSTR is awesome!

nostr:note1wq52c9vux6edgs5j6hkt8l4zjfwsp49putfnf6j2rsucf4zm4yxse9jwzr

I was listening to the #WealthTwins podcast the other day and 2 things they said stood out to me.

"At some point the things you own start owning you."

and

"It's not about the money you make, it's about the money you keep."

Being #frugal is to be free. I have never been more relaxed than as a frugal Bitcoiner living sustainably and not caring about expensive things.

To me, having expensive things means to be worried about them breaking. If I break a $200 phone I'm a lot less worried than if I break a $1200 phone.

Case in point, I was strongly considering upgrading my 3 year old 65" TV that cost me $500, to a last year LG C3 OLED 77" for $1600. But I realized that I would be much more stressed about it breaking, not to mention it's much more fragile too, and thus would be less able to just enjoy it.

I upgrade when the things I'm upgrading to are not stressful to own due to their cost. I'm also less worried about theft. Life is much more relaxed this way, and I prefer it over getting to use the latest and greatest.

"If you do nothing wrong you have nothing to hide"

If I'm doing nothing wrong I have no reason to lose my individual sovereignty over my life, which is maintained through privacy. I am not a fan of this increasing surveillance state, thankfully Bitcoin robs the governments of the source of their power (monetary debasement) which is what enables them to be able to afford to have a surveillance state. #Graduallythensuddenly #fixthemoneyfixtheworld

I've been #discussing with a user on here about Monero or #Bitcoin being better.

I felt my last response to their view that Bitcoin has no advantage over FIAT when it is primarily moved through large institutions was worth its own note which I am posting here with minor edits:

No advantage over #FIAT is laughable. #Bitcoin being #debasement proof is it's biggest advantage over FIAT. The #government's primary source of #power, fueling it's ability to be a #surveillancestate, is it's ability to #steal #wealth by printing money which Bitcoin stops.

#Meanwhile BTC having it's block subsidy continually reduced by half every four years, thus pushing the value of every ₿ in existence up due to it's increasing marginal cost of production over time, is it's biggest advantage over #Monero.

It used to take 10 min to create ₿50 and they were worth much less, now it takes 160 min (2.66 hours) to create ₿50 and it's worth much more. In 12 years it will take 1280 min (21.33 hours) and in 40 years it will take 163840 min (2730.66 hours). Every time the #halving occurs Bitcoin's #time-cost of production doubles, dragging along the value of already existing coins with it. This relation to time is it's driving factor for value, and BTC's main reason for being the best #storeofvalue ever found.

Monero fixing it's subsidy to it's current #TailEmitions forever means it is never going to become more valuable related to time, so it's value is #stagnant and loses to Bitcoin.

Despite Monero having better on chain privacy, it's inability to increase it's value relative to #finite human life/time does nothing to fix our #financialsystem. In addition, it will not bring about a new age of global abundance through incentivising the production of electricity globally (like Bitcoin does) to give our species the energy it needs to grow beyond our current abilities. Monero is very useful to those who use the darknet and prioritize privacy above all else, it is not very useful at freeing humanity from it's self imposed bondage. But Bitcoin is.

#Fixthemoneyfixtheworld

No advantage over #FIAT is laughable. #₿ being #debasement proof is it's biggest advantage over FIAT. The government's primary source of power, fueling it's ability to be a surveillance state, is it's ability to steal wealth by printing money which ₿ stops.

#Meanwhile BTC having it's block subsidy continually reduced by half every four years, thus pushing the value of every ₿ in existence up due to it's increasing marginal cost of production over time, is it's biggest advantage over #Monero.

It used to take 10 min to create ₿50 and they were worth much less, now it takes 160 min (2.66 hours) to create ₿50 and it's worth much more. In 12 years it will take 1280 min (21.33 hours) and in 40 years it will take 163840 min (2730.66 hours). Every time the halving occurs Bitcoin's time-cost of production doubles, dragging along the value of already existing coins with it. This relation to time is it's driving factor for value, and BTC's main reason for being the best store of value ever found.

Monero fixing it's subsidy to it's current tail emotions forever means it is never going to become more valuable related to time, so it's value is stagnant and loses to Bitcoin.

Despite Monero having better on chain privacy, it's inability to increase it's value relative to finite human time does nothing to fix our financial system. In addition, it will not bring about a new age of global abundance through incentivising the production of electricity globally (like Bitcoin does) to give our species the energy it needs to grow beyond our current abilities. Monero is very useful to those who use the darknet and prioritize privacy above all else, it is not very useful at freeing humanity from it's self imposed bondage. But Bitcoin is.

Looking through my bank account charges over the last month and I see a $10 "OFFICIAL CHECKS CHARGE".

I didn't order any checks, don't use them. I never have fees on my account either...

Called up customer service and they immediately reversed the fee and apologized that it must have been a system issue. #WTF.

I was just looking at my balance after and thinking about how many customers get charged arbitrary amounts due to "system issues" that benefit the #bank.

Then I got a feeling of disgust looking at my account. I can't wait until we can just pay our bills with #Bitcoin directly and not need to use these bullshit institutions holding #government #debtbonds (#dollars) on our behalf any longer.

With #FIAT the entire economy is one big 'company store' and I'm tired of it.

#Fixthemoneyfixtheworld

That I don't know. But even if only 10% of that daily volume was on chain Bitcoin movement, that's still more than Moneros entire market cap so...